Product Control Manager – Oil recruitment
Product Control Manager – Oil Products – 12 month fixed contract
Global Commodities Trading House based in Central London looking for an Oil Product Control Manager on a 12 month contract to provide maternity cover.
Main Job Function:
The product control team will provide daily performance and control analysis of the trading business and will work very closely with the traders and the other parts of the business. This is a pivotal team in this dynamic business and experience of this area could lead to a range of interesting and challenging career options in the trading and shipping business.
The team provides real-time front-line control and management information for management, vessel charters and traders. This includes daily profit and loss measurement, trading exposure reporting, and risk reporting. Because of the unique position of the team in the middle of our commercial activities, the team will also support broader commercial activities.
Key Responsibility Areas:
-Manage performance feedback of staff
-Supervise procedural compliance; identify and document process opportunities
-Report timely and accurate daily market exposure and profit and loss for a trading book and ensuring consistency with accounting ledgers; analyse and investigate results obtained from the underlying data
-Provide routine analyses of book performance to the vessel charters and traders
-Use knowledge of the book’s activities to understand and explain commercial activities and strategies
-Spot and remedy any problems with relevant data (transaction, market or reference data)
-Monitor vessel charters and traders’ adherence against their delegated authority
-Guarantee compliance for trading procedures with relevant controls
-Contribute to new business initiatives, systems or process improvement projects
-Train other teams and share expertise
-Maintain a good knowledge of market conditions through the use of provided tools
-Maintain good relations with vessel charters and traders and other parts of the business
Candidate Specifications:
-Relevant experience within a Product Control environment in an oil trading company or Investment Bank; Oil Product Control experience is essential
-Experience in Oil Product Control; Knowledge of control processes applicable in a trading / regulated environment
-Knowledge of financial hedging on Oil Products
-Commodity trading business experience; Vessel chartering, shipping or bulk commodity movement
-Familiarity with asset commercial performance measurement concepts
-Knowledge of vessel chartering or trading in physical oil
-Robust interpersonal communication skills
-Ability to work within a team and meet strict deadlines; Ability to display attention to detail at all times
-Knowledge of one or more IT systems would be an advantage (Openlink, Zainet, ICTS).